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Carriage Services, Inc.

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Carriage Services, Inc. operates funeral homes and cemeteries providing funeral and cemetery services to families across the United States. The company owns and operates funeral homes and cemeteries primarily in attractive markets through its network of locations serving communities with death care services. Carriage provides traditional burial services, cremation services, cemetery property sales, and related products including caskets, urns, burial vaults, and memorialization products. The company emphasizes local branding, quality service, and managing director autonomy while providing centralized support functions. Founded in 1991 and headquartered in Houston, Texas, Carriage has grown through acquisitions of funeral homes and cemeteries in selected markets. The company benefits from recurring cemetery revenues, essential services with stable demand, demographic trends including aging populations, and high barriers to entry including limited cemetery land availability and regulatory requirements. Carriage faces competition from Service Corporation International, other consolidators, and independent operators, along with cremation trends affecting revenues. The company continues to pursue acquisitions, operational improvements, cemetery development, and preneed sales programs to drive long-term growth and shareholder value.